Money Market Mutual Funds
April 10, 2002
| Fund Name
& Ticker symbol |
Preferred Money Market Fund
PREXX |
Scudder Money Market Fund
KMMXX |
Vanguard Prime
Money Market
VMMXX |
TIAA-CREF Money Market
TIAXX |
Fidelity Cash Reserves
FDRXX |
| Contact
Information |
800-662-4769
http://www.preferredgroup.com/ |
888-987-8675
www.zurichfunds.com/moneyfunds |
800-871-3879
www.personal.
vanguard.com |
800-223-1200
http://www.tiaa-cref.org/charts/mf-money.html |
800-544-8888
www.fidelity.com/ |
| Current 7 day yield (%) (1) |
1.91% |
1.55% |
1.80% |
1.74% |
1.75% |
| Expense Ratio (2) |
.47% |
.44% |
.33% |
.29% (3) |
.39% |
| Minimum Initial Investment |
$1,000 |
$1,000 or $50/mo. AIP (4) |
$3,000 (5)
|
$1,500 or
$50/mo. AIP |
$2,500 or
$100/mo. AIP |
| Subsequent min.
investment |
$50 |
$50 |
$100 or $50 AIP |
$50 |
$250 |
| Minimum check writing amount |
$250 |
> $500 no fee
< $500/ 10$ fee |
$100 |
$250 |
$500 |
| Check limits/fee |
unlimited |
unlimited |
unlimited |
12/year (6) |
unlimited |
1. Past yield history is water over the dam; focus on the current 7 day yield and the annual expense ratio
2. Expense ratio= % of total fund assets paid to managers each year. Be sure to note if there is a fee waiver in effect (manager agrees to charge a lower fee temporarily to boost yields)
3. Management fees partially waived until 7/1/06; fees may increase to .79%
4. Automatic Investment Plan - Minimum investment can be lower if set up an AIP
5. $2,500 minimum to avoid $10 annual fee; checked each June (so just be sure your account is a minimum $2,500 in June)
6. Phone rep said limit is 12/year but that is not being enforced; could not provide info on amount of penalty, if any |
